These people engineered a catastrophe through greed and now the they expect the taxpayer to continue paying them at extreme levels for extreme failure. I strongly disagree with you on this one. It is obscene.
I believe it was when these bonuses were promised.
These people engineered a catastrophe through greed
Oooooo, greed. If it weren't for greed, we'd all be living like the folks in Cuba. Profit is the reward our system offers for creating jobs.
ML/NJ
The dispute over AIG's payouts represents the most pressing controversy confronting the administration as it addresses the financial crisis. Some private firms say the furor has made them wary of joining the federal initiatives to help save the economy.(from MSNBC,/a>)And the do-gooders won't stop at restricting the compensation of employees at the companies they've nationalized. They'll go on to the companies that merely do business with the nationalized companies. I'm sure you'll sleep easier when only the Jamie Goreliks and Franklin Raineses are collecting seven and eight figure bonuses.
ML/NJ